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- Feb 15, 2006
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Hi,
Ijust have a piece of advice about student loans money and how to pay it back when you are done especially 25 and older club who are going thru this twice...If you are in pre-pharm, and have good credit...depending on where you live,, you can buy a house and lease it before going to pharm school. Have them sign an 3-4 yr lease...get equity on that property and a year or two or even immediately after finishing, refinance the home and take that money and pay off your student loans..
You will be at a win win situation especially if you are in a prime area where housing appreciates quickly..you'll be at an advantage..if you don't have good credit...work on it and make sure you get yourself a rental property it doesn't matter how small or big...EQUITY is the bottomline...
I have not done this but it's my game plan ...i plan to do this real soon... does anyone think it can work??? give me input please..am not a realtor just a hussler...thinking thru this ...
Ijust have a piece of advice about student loans money and how to pay it back when you are done especially 25 and older club who are going thru this twice...If you are in pre-pharm, and have good credit...depending on where you live,, you can buy a house and lease it before going to pharm school. Have them sign an 3-4 yr lease...get equity on that property and a year or two or even immediately after finishing, refinance the home and take that money and pay off your student loans..
You will be at a win win situation especially if you are in a prime area where housing appreciates quickly..you'll be at an advantage..if you don't have good credit...work on it and make sure you get yourself a rental property it doesn't matter how small or big...EQUITY is the bottomline...
I have not done this but it's my game plan ...i plan to do this real soon... does anyone think it can work??? give me input please..am not a realtor just a hussler...thinking thru this ...